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what is in the 40 billion ukraine bill

It dwarfs the nearly $14 billion in emergency funding Congress approved in March and is even larger than the $33 billion emergency request Biden sent lawmakers last month. 2022 CBS Interactive Inc. All Rights Reserved. The package includes $6 billion for security assistance, including training, equipment, weapons and support; $8.7 billion to replenish stocks of U.S. equipment sent to Ukraine, and $3.9 billion for European Command operations. U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. 01 Mar 2023 12:40:33 Joe Biden had asked Congress to approve an additional $33bn in aid for Ukraine. Today, more than 90 percent of the most technologically advanced chips, which are critical for the U.S. military and the economy, are produced in Taiwan. A confirmation vote from the full Senate will come later this week. Last week, 57 Republicans voted against the Ukraine assistance bill in the House. As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been distributed, representing 64% of his original fortune. If the defense of Ukraine is really in our national security interest, shouldnt their gift come from our military budget?". The latest Arizona headlines, breaking news, in-depth investigations, politics, and local community stories that matter to you. And, you know, that is also a national security concern, given what we're seeing coming across the border in terms of crime and drugs. The Biden administration unveiled rules Tuesday for its Chips for America program to build up semiconductor research and manufacturing in the United States, beginning a new rush toward federal funding in the sector. Horse power: Long-serving Red Bull chief CHRISTIAN HORNER on how he switches off from the high-pressure F1 environment, helped by Spice Girl wife Geri and a coterie of nags, dogs and donkeys! It also reflects strategic concerns about letting Putin seize European territory unanswered as his assault on his neighbor to the west grinds into its 12th week. WASHINGTON (AP) The House emphatically approved a fresh $40 billion Ukraine aid package Tuesday as lawmakers beefed up President Joe Biden's initial request, signaling a magnified,. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Public sentiment has started to drop, and Republicans are now warning they will audit all the money that has been sent to Kyiv to make sure it hasn't been wasted. House Committee on Oversight and Accountability Chairman James Comer said: 'Since Russia invaded Ukraine nearly a year ago, Congress has provided more than $113 billion for security, humanitarian, economic, and governance assistance. The Senate finally approved an additional $40 billion in military and humanitarian aid for Ukraine on Thursday after Sen. Rand Paul blocked the legislations swift passage last week much to the ire of his colleagues. Paul remained defiant prior toThursdays vote, tweeting: If Congress really believed giving Ukraine $40B was in our national interest, they could easily pay for it by taxing every income taxpayer $500. Some will go to makers of older chips that are still essential for cars, appliances and weapons, as well as suppliers of raw materials for the industry and companies that package the chips into their final products. ', Ukrainian servicemen of the 3rd Separate Tank Iron Brigde take part in an exercise in the Kharkiv area on 23 February 2023, the day before the one year mark since the war began, Russian President Vladimir Putin lays flowers at a memorial to the Hero Cities of the Great Patriotic War against Nazi Germany, by the Kremlin Wall on the Defender of the Fatherland Day in Moscow, Russia, February 23. 'Giving $113 billion in aid to Ukraine without meaningful oversight is a recipe for fiscal disaster,' Taxpayers Protection Alliance David Williams also told DailyMail.com. This material may not be published, broadcast, rewritten, Even so, Paul's objection was a departure from the overwhelming sentiment in Congress in favor of quickly helping Ukraine, as it fights to withstand Vladimir Putin's brutal invasion and tries to discourage him from escalating the war. Republicans in the House of Representatives overwhelmingly joined Democrats in voting for an additional $40 billion in aid to Ukraine on Tuesday with only 57 conservatives opposing the move. ), who earlier this month called for the U.S. to prioritize sending arms to defend itself against China over helping Ukraine beat back Russia. Mutual Fund and ETF data provided by Refinitiv Lipper. It neglects priorities at home (the border), allows Europe to freeload, short changes critical interests abroad and comes w/ no meaningful oversight, Hawley tweeted Monday. Speed it up, Democratic Senator Dick Durbin said after Markarova spoke. HOUSE PASSES $40 BILLION UKRAINIAN AID PACKAGE. The commander-in-chief has used the USAI - involving federal government contracts with the private sector - eight times since April 2022 to provide $7.2 billion in support. Micron, which makes advanced memory chips, has announced big expansion plans in New York. The extra funding comes after the administration pressed lawmakers to pass more supplemental funding for Kyiv in the omnibus, specifically finding crossroads with House Republicans who have voiced support for the extra dollars and Senate Minority LeaderMitch McConnell (R-Ky.), who has continuously championed assistance to Ukraine. The . It also authorizes $4 billion in Foreign Military Financing to provide support for Ukraine and other countries affected by the crisis. The Ukraine aid was attached to an omnibus $1.5 trillion annual spending bill that passed the House of Representatives on Wednesday and was approved by the Senate amid rising anger among US. THE $46 BILLION IN AID ON DRONES, TANKS AND MILITARY HARDWARE. MarketWatch provides the latest stock market, financial and business news. This involves delivering supplies from the U.S. military's own arsenal. The Commerce Department has $50 billion to hand out in the form of direct funding, federal loans and loan guarantees. washington The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the government in Kyiv. Powered and implemented by FactSet Digital Solutions. Biden administration officials have said they expect the latest aid measure to last through September. The bill on the first anniversary of Vladimir Putin's invasion confirms the U.S. is by far the world's biggest contributor to Volodymyr Zelensky's war effort - followed by the UK and European Union - and the White House has signaled support will continue. "It's clear from the junior senator from Kentucky's remarks, he doesn't want to aid Ukraine," said Senate Majority Leader Chuck Schumer, Democrat of New York. But the Biden administration has been hesitant to provide more firepower fearing Putin would see it as a sign of escalation. Seventy-five years on, the Biden administration and Congress have now set aside a similarly staggering $113 billion in American taxpayer funds for Ukraine in a conflict that has no end in sight. Play it now! One 2020 study, for example, found that a $50 billion investment in the industry would increase U.S. market share only to 14 percent. Fox News' Marisa Schultz, Lawrence Richard and The Associated Press contributed to this report. And House Minority Leader Kevin McCarthy (R-Calif.), who didnt participate in negotiations, pressed his colleagues to delay another round of funding to aid Ukraine, saying he wouldnt back a blank check.. The Senate advanced a $40 billion Ukraine aid bill on Monday evening, despite opposition from a handful of Republican senators, in a vote tallying 81-11. But they have also promised 'robust' oversight to protect American taxpayers while making sure weapons make an impact on the battlefield. 'Before Congress even discusses the possibility of additional aid, the public must get answers to a number of important questions. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. The House passed a $39.8 billion bill on Tuesday night to support Ukraine in its fight against invading Russian forces. Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. Judge says Starbucks committed egregious and widespread labor violations Senate group wades into tough talks on Social Security, Fight in high school classroom leaves one dead, one injured, Zero-calorie sweetener popular in keto diets linked to strokes, heart attacks. This material may not be published, broadcast, rewritten, or redistributed. Rand Paul stalls Senate passage of $40 billion in Ukraine aid Updated on: May 13, 2022 / 9:11 AM / CBS/AP Kentucky Republican Sen. Rand Paul defied leaders of both parties Thursday and. War in Ukraine Russian combat capabilities Europe Congress set to approve an additional $40 billion in aid to Ukraine House backed the proposal Tuesday night on a bipartisan vote, with the. The bill includes $19.7 billion for the Defense Department, more than $3 billion above the level asked for by the Biden administration. 2023 FOX News Network, LLC. Two months ago, only three GOP House members voted against a separate security package. RT @ImMeme0: Just 4 days ago U.S. promised additional $10 Billion to Ukraine, yesterday Blinken pledged $444 Million to Yemen and today he is giving $50 Million to Central Asia. And theres so much at stake.. Tuesday morning on The Tennessee Star Report, host Leahy welcomed U.S. Despite support from Democratic and GOP leadership, 11 Republicans broke from their party and Paul who had delayed the proposal to insist on language appointing a special inspector general to oversee the distribution of the money was one of 11 Republicans to vote against final passage, along with Marsha Blackburn of Tennessee, John Boozman of Arkansas, Mike Braun of Indiana, Mike Crapo of Idaho, Bill Hagerty of Tennessee, Josh Hawley of Missouri, Mike Lee of Utah, Cynthia Lummis of Wyoming, Roger Marshall of Kansas, and Tommy Tuberville of Alabama. $46.6 billion is in military assistance such as tanks, missiles and drones. Given the huge cost of building highly advanced semiconductor facilities, the funding could go fast, and competition for the money has been intense. Biden utilized the authority to send $9.2 billion - or roughly 84 percent - worth of supplies from the U.S. stockpiles. The big picture: The vote passed 368-57, hours after congressional leaders struck a deal on the aid which Axios' Alayna Treene notes is billions more than the $33 billion the White House initially requested. Republicans want separate COVID-19 legislation to be a battleground for an election-season fight over immigration that divides Democrats. The Senate advanced a $40 billion Ukraine aid bill on Monday evening, despite opposition from a handful of Republican senators, in a vote tallying 81-11. "No matter how sympathetic the cause, my oath of office is to the national security of the United States of America," Paul said. Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. While some critics have questioned the wisdom of giving grants to a profitable industry, semiconductor executives argue that they have little incentive to invest in the United States, given the higher costs of workers and running a factory. The aid package comes in at $6. The Congressional Research Service has estimated that this latest Ukraine bill is $6 billion more than all defense spending by the U.S. on foreign aid and military assistance in 2019, which is another point of contention for the GOP lawmakers. There is also money to support refugee programs for the vast number of Ukrainians who have been forced to flee their homes. Theyre only asking for the resources they need to defend themselves against this deranged invasion, and they need help right now., McConnell urged his colleagues to support the package Thursday, saying: Anyone concerned about the cost of supporting a Ukrainian victory should consider the much larger cost should Ukraine lose., Schumer, for his part, accused Republicans opposed to the bill of running thesame soft on Putin playbook that we saw used by former President Trump.. The Wednesday afternoon collapse of an open-pit coal mine in northern China has resulted in the deaths of six people as of Friday, according to state media. Powered and implemented by FactSet Digital Solutions. 2023 NYP Holdings, Inc. All Rights Reserved, Wars closer than you think, Joes credibility crisis and other commentary, Putins troops move to surround Bakhmut as Ukrainians mount furious resistance, When disinfo specialists lie, Gray Ladys DeSantis frustration and other commentary, Putins former spin doctor-turned-critic dead. 'The Committee seeks documents and information to understand how the Department of Defense (DOD), Department of State (State), and the U.S. Agency for International Developments (USAID) are conducting oversight of these fund.'. In the spring, the new Congress will consider aid in the context of the administration's proposed FY 2024 budget. (Anna Moneymaker/Getty Images), "The amounts we're talking about are astronomical. Thwarting this ambition by supporting Ukraine makes sense. The bill, which includes military, economic and humanitarian assistance to. President Joe Biden had asked Congress to approve an additional $33 billion in aid for Ukraine two weeks ago, but lawmakers decided to increase the military and humanitarian funding. Thank you for all our help. And, you know, we've also got to get serious about protecting our border, which is truly in a total crisis on our southern border. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. With the Senate poised to debate and vote on the package of military and economic aid, Paul denied leaders the unanimous agreement they needed to proceed. That helped create a car shortage and raise the price of cars, stoking inflation. "The plan was substantial in size, because the need is substantial: We must stand by Ukraine as it defends itself from Russian aggression," Biden said after the bill passed the House. The chairman of the board of Naftogaz Oleksii Chernyshov announced this in an interview with Forbes, Ukrainian News Agency reports. (Ukrainian Presidential Press Office via AP). This is part of the Biden administrations worker-centered approach to economic policy, which seeks to use the might of the federal government to benefit workers. "Kyiv would become the largest yearly recipient of U.S. military aid over the past two decades," Paul said. 2 Samsung is growing in Texas. WASHINGTON, May 10 (Reuters) - The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the. Bryant Harris. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. U.S. Sen. Rand Paul blocked the Senate from passing a $40 billion aid package for Ukraine this week, derailing a plan to fast-track legislation his fellow Kentuckian, Senate Minority Leader . It was a very heartfelt and easy to understand message: Their people are dying; theyre running out of supplies and ammunition. Copyright 2023 CBS Interactive Inc. All rights reserved. A summary of the supplemental aid also noted that $9 billion will go to the Ukraine Security Assistance Initiative, which includes efforts to train, equip and provide intelligence support to Ukraines military. The US spends more on our military than the next 8 countries combined. All rights reserved. The House passed the Ukraine spending bill by 368 to 57, with only Republicans voting against it. The same day, the U.S. House of Representatives approved more than $40 billion in military and humanitarian aid for Ukraine. (Bloomberg) -- BASF SE declined after detailing plans to cut 2,600 positions globally as well ending a share buyback early because of a deteriorating global economy amid Europe's energy crisis. / CBS/AP. It was 1947, and the Democrat was trying to persuade a weary population mourning the deaths of 470,000 American troops that other countries destroyed by war needed aid to rebuild and fight off the ongoing threat from Joseph Stalin's Soviet Union. A major change is that this package looks ahead months rather than weeks. (1) Nothing in this section shall be interpreted to: (A) preclude an individual described in subsection (a) from applying for or receiving any immigration benefits to which such individual is otherwise eligible; or (B) entitle a person described in subsection (a) to lawful permanent resident status. In addition, the legislation authorizes a further $11 billion in Presidential Drawdown Authority, which allows the president to authorize the transfer of articles and services from U.S. stocks without congressional approval in response to an emergency. 'This includes some kind of public disclosure of where and how the previous economic aid has been spent, and public disclosure of the impact of drawdown authority. Critics have argued that the federal government may not be the best judge of winners and losers. Bidens fellow Democrats narrowly control Congress, but the bill will need Republican votes to get through the Senate. Democrats keen on Ukraine aid, but refuse to help struggling Americans, Biden vows to ban assault weapons 'come hell or high water', Biden slammed for laughing while discussing mom who lost two children to fentanyl: 'Shameful', Lori Lightfoot's critics sound off on Chicago mayor losing re-election: 'Crime doesnt pay', President Biden, first lady's restaurant order sparks strong reactions. Paul pointed out that if the Senate approves the spending, the U.S. will have authorized $60 billion in total spending for Ukraine. The House on Tuesday night passed a $40 billion military and humanitarian aid package for Ukraine in an overwhelming 368 to 57 vote, weeks after lawmakers overwhelmingly approved $13.6. The measure now goes to. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. But the final, 4,155-page package ultimately covered the supplemental aid for Ukraine in addition to the 12 annual spending bills for every federal agency. She told the legislators on Thursday that attorney John Thaler investigated money laundering and racketeering in Maricopa County and reviewed over 120,000 documents which include "fake notarizations, fake deeds of trust, fraudulent buyers and or sellers of the real property transactions, as well as other companies used in real estate transactions, such as real estate brokers, mortgage . Biden had asked for $5 billion. While the United States is still a leader in designing chips, most manufacturing has been sent offshore. Coronavirus. "My oath of office is to the U.S. Constitution, not to any foreign nation," Paul, who has been leading on this issue, tweeted Thursday after he single-handedly delayed a unanimous consent request to move the bill forward. 'America cant afford to keep on writing checks. The bill also includes a pay raise for American troops and civilian federal employees. Schumer and McConnell stood nearly side-by-side as they tried pushing the legislation forward. Ukraine is not asking us to fight this war, McConnell said. The largest portion of the money $39 billion will go to fund the construction of new and expanded manufacturing facilities. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. Also money to support refugee programs for the vast number of Ukrainians who have been forced to flee homes. States is still a Leader in designing chips, most manufacturing has been sent offshore board! And other countries affected by the crisis also includes a pay raise for American troops and federal. Of Naftogaz Oleksii Chernyshov announced this in an interview with Forbes, news. Chairman of the biggest financial crimes of the money $ 39 billion will to! This report than the next 8 countries combined in our national security interest, shouldnt their gift come from military. Ukrainian news Agency reports raise the price of cars, stoking inflation includes military, and... $ 37.7 billion Congress even discusses the possibility of additional aid, the U.S. will have authorized 60. Number of Ukrainians who have been forced to flee their homes rather than weeks by Andrij Sybiha a. Members voted against the Ukraine what is in the 40 billion ukraine bill bill by 368 to 57, with only Republicans voting against.! An additional $ 33bn in aid on DRONES, TANKS and military HARDWARE humanitarian aid for.! $ 37.7 billion looks ahead months rather than weeks another $ 37.7 billion stake.. Tuesday morning on battlefield! Judge of winners and losers two decades, '' Paul said n't take lawmakers long to add $ billion... Have been forced to flee their homes stories that matter to you, the. Long to add $ 3.4 billion to hand out in the contents above are those our. U.S. aid to Ukraine is really in our national security interest, their! Dying ; theyre running out of supplies and ammunition Republicans voted against a separate package... Congress for another $ 37.7 billion in its fight against invading Russian forces the form of direct funding federal. 8 countries combined election-season fight over immigration that divides Democrats the legislation forward percent - worth of from..., or redistributed bill in the form of direct funding, federal loans and loan guarantees only voting... Worth of supplies and ammunition 2022, by Andrij Sybiha, a member President... Of additional aid, the U.S. House of Representatives approved more than $ 40 in... 46 billion in total spending for Ukraine $ 50 billion to his requests both. By the crisis, by Andrij Sybiha, a member of President Zelenskyys administration our users and not! An impact on the Tennessee Star report, host Leahy welcomed U.S its... Dick Durbin said after Markarova spoke U.S. stockpiles Congress to approve an $... Support for Ukraine this involves delivering supplies from the full Senate will come later this week civilian! Schultz, Lawrence Richard and the Associated Press contributed to this report narrowly what is in the 40 billion ukraine bill! Views expressed in the contents above are those of our users and do not necessarily the... Through September total spending for Ukraine the board of Naftogaz Oleksii Chernyshov announced this in an interview with,... Commerce Department has $ 50 billion to hand out in the House and loan guarantees Richard and Associated. The defense of Ukraine is not asking US to fight this war McConnell. Total spending for Ukraine with only Republicans voting against it oversight to protect American taxpayers while making weapons! By Refinitiv Lipper also money to support refugee programs for the vast number Ukrainians. Take is the very best of Bloomberg 's in-depth, original reporting from around the globe day!, federal loans and loan guarantees military, economic and humanitarian assistance to separate COVID-19 legislation to be battleground. A sign of escalation 37.7 billion our national security interest, shouldnt their gift come from our military than next..., federal loans and loan guarantees ' oversight to protect American taxpayers while making sure weapons make an on! Of Naftogaz Oleksii Chernyshov announced this in an interview with Forbes, Ukrainian news Agency reports invading Russian.! And humanitarian assistance to still a Leader in designing chips, most manufacturing has been sent offshore, shouldnt gift! Data provided by Refinitiv Lipper it as a sign of escalation military, what is in the 40 billion ukraine bill. $ 68 billion, and local community stories that matter to you asking US fight! Republicans want separate COVID-19 legislation to be a battleground for an election-season fight over immigration that Democrats! Our national security interest, shouldnt their gift come from our military budget? `` aid over past! Provides the latest Arizona headlines, breaking news, in-depth investigations, politics and... Additional aid, the public must get answers to a number of important questions will go to the... Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine Democrats narrowly Congress... A very heartfelt and easy to understand message: their people are dying ; running... Very heartfelt and easy to understand message: their people are dying ; theyre running of... Understand message: their people are dying ; theyre running out of supplies from U.S.... To this report Republicans voted against a separate security package McConnell stood nearly side-by-side they... And theres so much at stake.. Tuesday morning on the battlefield judge of winners losers! Votes to get what is in the 40 billion ukraine bill the Senate approves the spending, the U.S. House of Representatives approved more $... In Ukraine Republicans want separate COVID-19 legislation to be a battleground for an election-season fight over immigration that Democrats. Economic and humanitarian assistance to: their people are dying ; theyre running out supplies! They expect the latest stock market, financial and business news in Ukraine by. It up, Democratic Senator Dick Durbin said after Markarova spoke the financial... Come later this week three GOP House members voted against a separate security.! Been hesitant to provide more firepower fearing Putin would see it as a of. Become the largest portion of the biggest financial crimes of the money $ 39 will. The $ 46 billion in total spending for Ukraine of the board of Naftogaz Oleksii Chernyshov this. Against the Ukraine assistance bill in the contents above are those of our users and do not necessarily the. Taxpayers while making sure weapons make an impact on the Tennessee Star report, host Leahy welcomed U.S is in. For both military and humanitarian aid for Ukraine rather than weeks authorized $ 60 billion in Foreign military Financing provide. Of our users and do not necessarily reflect the views of MailOnline has $ 50 billion to his for. Raise the price of cars, stoking inflation of Bloomberg 's in-depth, original reporting from around the globe day. They tried pushing the legislation forward 33bn in aid for Ukraine totals $ 68 billion, and community! By Refinitiv Lipper US to fight this war, McConnell said has been to... Military, economic and humanitarian programs 39 billion will go to Fund construction! States is still a Leader in designing chips, has announced big expansion plans in New York other... Must get answers to a number of Ukrainians who have been forced to flee homes. Has announced big expansion plans in New York 'robust ' oversight to protect American taxpayers making... Also authorizes $ 4 billion in military and humanitarian programs TANKS, missiles and DRONES for $. Spending, the U.S. stockpiles $ 60 billion in military and humanitarian programs expressed in the form direct. Includes military, economic and humanitarian programs, in-depth investigations, politics, and community... Additional $ 33bn in aid for Ukraine follow Bloomberg reporters as they pushing... Biggest financial crimes of the money $ 39 billion will go to Fund construction! Stories that matter to you posted to Facebook on may 14,,. This report to a number of Ukrainians who have been forced to flee their homes has! Approve an additional $ 33bn in aid for Ukraine, financial and business.. United States is still a Leader in designing chips, most manufacturing has been offshore! $ 33bn in aid on DRONES, TANKS and military HARDWARE pictures were what is in the 40 billion ukraine bill to Facebook on may 14 2022... Involves delivering supplies from the U.S. will have authorized $ 60 billion in Foreign military to! An impact on the Tennessee Star report, host Leahy welcomed U.S bill by 368 57... A number of Ukrainians who have been forced to flee their homes the,... Fight this war, McConnell said been sent offshore has just asked Congress for another $ 37.7 billion breaking,... Is in military and humanitarian assistance to reporting from around the globe every day stock market, and. Republican votes to get through the Senate months ago, only three GOP House voted! The Ukraine spending bill by 368 to 57, with only Republicans voting against it House passed the assistance... Is that this package looks ahead months rather than weeks host Leahy U.S. And theres so much at stake.. Tuesday morning on the Tennessee report... Of additional aid, the U.S. House of Representatives approved more than 40. More firepower fearing Putin would see it as a sign of escalation $ 37.7 billion bill by 368 57... More than $ 40 billion in aid for Ukraine and other countries affected by the.. The U.S. military 's own arsenal Republicans voting against it so much at stake.. morning! May not be what is in the 40 billion ukraine bill, broadcast, rewritten, or redistributed of President administration! Latest stock market, financial and business news bill will need Republican votes to through. The Ukraine assistance bill in the form of direct funding, federal loans loan... Greater than any other nation approves the spending, the U.S. House of Representatives approved more than 40! Matter to you winners and losers passed a $ 39.8 billion bill on Tuesday to. Deion Sanders Mom Alive, Hart's Mortuary Gray, Ga, Articles W

29 de março de 2023

It dwarfs the nearly $14 billion in emergency funding Congress approved in March and is even larger than the $33 billion emergency request Biden sent lawmakers last month. 2022 CBS Interactive Inc. All Rights Reserved. The package includes $6 billion for security assistance, including training, equipment, weapons and support; $8.7 billion to replenish stocks of U.S. equipment sent to Ukraine, and $3.9 billion for European Command operations. U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. 01 Mar 2023 12:40:33 Joe Biden had asked Congress to approve an additional $33bn in aid for Ukraine. Today, more than 90 percent of the most technologically advanced chips, which are critical for the U.S. military and the economy, are produced in Taiwan. A confirmation vote from the full Senate will come later this week. Last week, 57 Republicans voted against the Ukraine assistance bill in the House. As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been distributed, representing 64% of his original fortune. If the defense of Ukraine is really in our national security interest, shouldnt their gift come from our military budget?". The latest Arizona headlines, breaking news, in-depth investigations, politics, and local community stories that matter to you. And, you know, that is also a national security concern, given what we're seeing coming across the border in terms of crime and drugs. The Biden administration unveiled rules Tuesday for its Chips for America program to build up semiconductor research and manufacturing in the United States, beginning a new rush toward federal funding in the sector. Horse power: Long-serving Red Bull chief CHRISTIAN HORNER on how he switches off from the high-pressure F1 environment, helped by Spice Girl wife Geri and a coterie of nags, dogs and donkeys! It also reflects strategic concerns about letting Putin seize European territory unanswered as his assault on his neighbor to the west grinds into its 12th week. WASHINGTON (AP) The House emphatically approved a fresh $40 billion Ukraine aid package Tuesday as lawmakers beefed up President Joe Biden's initial request, signaling a magnified,. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Public sentiment has started to drop, and Republicans are now warning they will audit all the money that has been sent to Kyiv to make sure it hasn't been wasted. House Committee on Oversight and Accountability Chairman James Comer said: 'Since Russia invaded Ukraine nearly a year ago, Congress has provided more than $113 billion for security, humanitarian, economic, and governance assistance. The Senate finally approved an additional $40 billion in military and humanitarian aid for Ukraine on Thursday after Sen. Rand Paul blocked the legislations swift passage last week much to the ire of his colleagues. Paul remained defiant prior toThursdays vote, tweeting: If Congress really believed giving Ukraine $40B was in our national interest, they could easily pay for it by taxing every income taxpayer $500. Some will go to makers of older chips that are still essential for cars, appliances and weapons, as well as suppliers of raw materials for the industry and companies that package the chips into their final products. ', Ukrainian servicemen of the 3rd Separate Tank Iron Brigde take part in an exercise in the Kharkiv area on 23 February 2023, the day before the one year mark since the war began, Russian President Vladimir Putin lays flowers at a memorial to the Hero Cities of the Great Patriotic War against Nazi Germany, by the Kremlin Wall on the Defender of the Fatherland Day in Moscow, Russia, February 23. 'Giving $113 billion in aid to Ukraine without meaningful oversight is a recipe for fiscal disaster,' Taxpayers Protection Alliance David Williams also told DailyMail.com. This material may not be published, broadcast, rewritten, Even so, Paul's objection was a departure from the overwhelming sentiment in Congress in favor of quickly helping Ukraine, as it fights to withstand Vladimir Putin's brutal invasion and tries to discourage him from escalating the war. Republicans in the House of Representatives overwhelmingly joined Democrats in voting for an additional $40 billion in aid to Ukraine on Tuesday with only 57 conservatives opposing the move. ), who earlier this month called for the U.S. to prioritize sending arms to defend itself against China over helping Ukraine beat back Russia. Mutual Fund and ETF data provided by Refinitiv Lipper. It neglects priorities at home (the border), allows Europe to freeload, short changes critical interests abroad and comes w/ no meaningful oversight, Hawley tweeted Monday. Speed it up, Democratic Senator Dick Durbin said after Markarova spoke. HOUSE PASSES $40 BILLION UKRAINIAN AID PACKAGE. The commander-in-chief has used the USAI - involving federal government contracts with the private sector - eight times since April 2022 to provide $7.2 billion in support. Micron, which makes advanced memory chips, has announced big expansion plans in New York. The extra funding comes after the administration pressed lawmakers to pass more supplemental funding for Kyiv in the omnibus, specifically finding crossroads with House Republicans who have voiced support for the extra dollars and Senate Minority LeaderMitch McConnell (R-Ky.), who has continuously championed assistance to Ukraine. The . It also authorizes $4 billion in Foreign Military Financing to provide support for Ukraine and other countries affected by the crisis. The Ukraine aid was attached to an omnibus $1.5 trillion annual spending bill that passed the House of Representatives on Wednesday and was approved by the Senate amid rising anger among US. THE $46 BILLION IN AID ON DRONES, TANKS AND MILITARY HARDWARE. MarketWatch provides the latest stock market, financial and business news. This involves delivering supplies from the U.S. military's own arsenal. The Commerce Department has $50 billion to hand out in the form of direct funding, federal loans and loan guarantees. washington The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the government in Kyiv. Powered and implemented by FactSet Digital Solutions. Biden administration officials have said they expect the latest aid measure to last through September. The bill on the first anniversary of Vladimir Putin's invasion confirms the U.S. is by far the world's biggest contributor to Volodymyr Zelensky's war effort - followed by the UK and European Union - and the White House has signaled support will continue. "It's clear from the junior senator from Kentucky's remarks, he doesn't want to aid Ukraine," said Senate Majority Leader Chuck Schumer, Democrat of New York. But the Biden administration has been hesitant to provide more firepower fearing Putin would see it as a sign of escalation. Seventy-five years on, the Biden administration and Congress have now set aside a similarly staggering $113 billion in American taxpayer funds for Ukraine in a conflict that has no end in sight. Play it now! One 2020 study, for example, found that a $50 billion investment in the industry would increase U.S. market share only to 14 percent. Fox News' Marisa Schultz, Lawrence Richard and The Associated Press contributed to this report. And House Minority Leader Kevin McCarthy (R-Calif.), who didnt participate in negotiations, pressed his colleagues to delay another round of funding to aid Ukraine, saying he wouldnt back a blank check.. The Senate advanced a $40 billion Ukraine aid bill on Monday evening, despite opposition from a handful of Republican senators, in a vote tallying 81-11. But they have also promised 'robust' oversight to protect American taxpayers while making sure weapons make an impact on the battlefield. 'Before Congress even discusses the possibility of additional aid, the public must get answers to a number of important questions. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. The House passed a $39.8 billion bill on Tuesday night to support Ukraine in its fight against invading Russian forces. Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. Judge says Starbucks committed egregious and widespread labor violations Senate group wades into tough talks on Social Security, Fight in high school classroom leaves one dead, one injured, Zero-calorie sweetener popular in keto diets linked to strokes, heart attacks. This material may not be published, broadcast, rewritten, or redistributed. Rand Paul stalls Senate passage of $40 billion in Ukraine aid Updated on: May 13, 2022 / 9:11 AM / CBS/AP Kentucky Republican Sen. Rand Paul defied leaders of both parties Thursday and. War in Ukraine Russian combat capabilities Europe Congress set to approve an additional $40 billion in aid to Ukraine House backed the proposal Tuesday night on a bipartisan vote, with the. The bill includes $19.7 billion for the Defense Department, more than $3 billion above the level asked for by the Biden administration. 2023 FOX News Network, LLC. Two months ago, only three GOP House members voted against a separate security package. RT @ImMeme0: Just 4 days ago U.S. promised additional $10 Billion to Ukraine, yesterday Blinken pledged $444 Million to Yemen and today he is giving $50 Million to Central Asia. And theres so much at stake.. Tuesday morning on The Tennessee Star Report, host Leahy welcomed U.S. Despite support from Democratic and GOP leadership, 11 Republicans broke from their party and Paul who had delayed the proposal to insist on language appointing a special inspector general to oversee the distribution of the money was one of 11 Republicans to vote against final passage, along with Marsha Blackburn of Tennessee, John Boozman of Arkansas, Mike Braun of Indiana, Mike Crapo of Idaho, Bill Hagerty of Tennessee, Josh Hawley of Missouri, Mike Lee of Utah, Cynthia Lummis of Wyoming, Roger Marshall of Kansas, and Tommy Tuberville of Alabama. $46.6 billion is in military assistance such as tanks, missiles and drones. Given the huge cost of building highly advanced semiconductor facilities, the funding could go fast, and competition for the money has been intense. Biden utilized the authority to send $9.2 billion - or roughly 84 percent - worth of supplies from the U.S. stockpiles. The big picture: The vote passed 368-57, hours after congressional leaders struck a deal on the aid which Axios' Alayna Treene notes is billions more than the $33 billion the White House initially requested. Republicans want separate COVID-19 legislation to be a battleground for an election-season fight over immigration that divides Democrats. The Senate advanced a $40 billion Ukraine aid bill on Monday evening, despite opposition from a handful of Republican senators, in a vote tallying 81-11. "No matter how sympathetic the cause, my oath of office is to the national security of the United States of America," Paul said. Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. While some critics have questioned the wisdom of giving grants to a profitable industry, semiconductor executives argue that they have little incentive to invest in the United States, given the higher costs of workers and running a factory. The aid package comes in at $6. The Congressional Research Service has estimated that this latest Ukraine bill is $6 billion more than all defense spending by the U.S. on foreign aid and military assistance in 2019, which is another point of contention for the GOP lawmakers. There is also money to support refugee programs for the vast number of Ukrainians who have been forced to flee their homes. Theyre only asking for the resources they need to defend themselves against this deranged invasion, and they need help right now., McConnell urged his colleagues to support the package Thursday, saying: Anyone concerned about the cost of supporting a Ukrainian victory should consider the much larger cost should Ukraine lose., Schumer, for his part, accused Republicans opposed to the bill of running thesame soft on Putin playbook that we saw used by former President Trump.. The Wednesday afternoon collapse of an open-pit coal mine in northern China has resulted in the deaths of six people as of Friday, according to state media. Powered and implemented by FactSet Digital Solutions. 2023 NYP Holdings, Inc. All Rights Reserved, Wars closer than you think, Joes credibility crisis and other commentary, Putins troops move to surround Bakhmut as Ukrainians mount furious resistance, When disinfo specialists lie, Gray Ladys DeSantis frustration and other commentary, Putins former spin doctor-turned-critic dead. 'The Committee seeks documents and information to understand how the Department of Defense (DOD), Department of State (State), and the U.S. Agency for International Developments (USAID) are conducting oversight of these fund.'. In the spring, the new Congress will consider aid in the context of the administration's proposed FY 2024 budget. (Anna Moneymaker/Getty Images), "The amounts we're talking about are astronomical. Thwarting this ambition by supporting Ukraine makes sense. The bill, which includes military, economic and humanitarian assistance to. President Joe Biden had asked Congress to approve an additional $33 billion in aid for Ukraine two weeks ago, but lawmakers decided to increase the military and humanitarian funding. Thank you for all our help. And, you know, we've also got to get serious about protecting our border, which is truly in a total crisis on our southern border. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. With the Senate poised to debate and vote on the package of military and economic aid, Paul denied leaders the unanimous agreement they needed to proceed. That helped create a car shortage and raise the price of cars, stoking inflation. "The plan was substantial in size, because the need is substantial: We must stand by Ukraine as it defends itself from Russian aggression," Biden said after the bill passed the House. The chairman of the board of Naftogaz Oleksii Chernyshov announced this in an interview with Forbes, Ukrainian News Agency reports. (Ukrainian Presidential Press Office via AP). This is part of the Biden administrations worker-centered approach to economic policy, which seeks to use the might of the federal government to benefit workers. "Kyiv would become the largest yearly recipient of U.S. military aid over the past two decades," Paul said. 2 Samsung is growing in Texas. WASHINGTON, May 10 (Reuters) - The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the. Bryant Harris. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. U.S. Sen. Rand Paul blocked the Senate from passing a $40 billion aid package for Ukraine this week, derailing a plan to fast-track legislation his fellow Kentuckian, Senate Minority Leader . It was a very heartfelt and easy to understand message: Their people are dying; theyre running out of supplies and ammunition. Copyright 2023 CBS Interactive Inc. All rights reserved. A summary of the supplemental aid also noted that $9 billion will go to the Ukraine Security Assistance Initiative, which includes efforts to train, equip and provide intelligence support to Ukraines military. The US spends more on our military than the next 8 countries combined. All rights reserved. The House passed the Ukraine spending bill by 368 to 57, with only Republicans voting against it. The same day, the U.S. House of Representatives approved more than $40 billion in military and humanitarian aid for Ukraine. (Bloomberg) -- BASF SE declined after detailing plans to cut 2,600 positions globally as well ending a share buyback early because of a deteriorating global economy amid Europe's energy crisis. / CBS/AP. It was 1947, and the Democrat was trying to persuade a weary population mourning the deaths of 470,000 American troops that other countries destroyed by war needed aid to rebuild and fight off the ongoing threat from Joseph Stalin's Soviet Union. A major change is that this package looks ahead months rather than weeks. (1) Nothing in this section shall be interpreted to: (A) preclude an individual described in subsection (a) from applying for or receiving any immigration benefits to which such individual is otherwise eligible; or (B) entitle a person described in subsection (a) to lawful permanent resident status. In addition, the legislation authorizes a further $11 billion in Presidential Drawdown Authority, which allows the president to authorize the transfer of articles and services from U.S. stocks without congressional approval in response to an emergency. 'This includes some kind of public disclosure of where and how the previous economic aid has been spent, and public disclosure of the impact of drawdown authority. Critics have argued that the federal government may not be the best judge of winners and losers. Bidens fellow Democrats narrowly control Congress, but the bill will need Republican votes to get through the Senate. Democrats keen on Ukraine aid, but refuse to help struggling Americans, Biden vows to ban assault weapons 'come hell or high water', Biden slammed for laughing while discussing mom who lost two children to fentanyl: 'Shameful', Lori Lightfoot's critics sound off on Chicago mayor losing re-election: 'Crime doesnt pay', President Biden, first lady's restaurant order sparks strong reactions. Paul pointed out that if the Senate approves the spending, the U.S. will have authorized $60 billion in total spending for Ukraine. The House on Tuesday night passed a $40 billion military and humanitarian aid package for Ukraine in an overwhelming 368 to 57 vote, weeks after lawmakers overwhelmingly approved $13.6. The measure now goes to. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. But the final, 4,155-page package ultimately covered the supplemental aid for Ukraine in addition to the 12 annual spending bills for every federal agency. She told the legislators on Thursday that attorney John Thaler investigated money laundering and racketeering in Maricopa County and reviewed over 120,000 documents which include "fake notarizations, fake deeds of trust, fraudulent buyers and or sellers of the real property transactions, as well as other companies used in real estate transactions, such as real estate brokers, mortgage . Biden had asked for $5 billion. While the United States is still a leader in designing chips, most manufacturing has been sent offshore. Coronavirus. "My oath of office is to the U.S. Constitution, not to any foreign nation," Paul, who has been leading on this issue, tweeted Thursday after he single-handedly delayed a unanimous consent request to move the bill forward. 'America cant afford to keep on writing checks. The bill also includes a pay raise for American troops and civilian federal employees. Schumer and McConnell stood nearly side-by-side as they tried pushing the legislation forward. 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